Nearly 140 years later, salvage experts using advanced technology recovered a stunning trove of pristine Civil War-era coins. Gold and silver had been scarce during and after the war due to rampant inflation from massive paper currency printing, prompting widespread hoarding of "hard money." The South was economically ruined—its paper money worthless, hard assets depleted.
Post-war price swings led many coins to be melted or heavily worn in circulation. The SS Republic's coins escaped this fate, preserved in near-perfect condition like a time capsule on the ocean floor, making them rare numismatic treasures today.
| Product ID | 557696 |
|---|---|
| Year | 1839/8 |
| Mint Mark | |
| Strike | MS |
| Grade | MS-60 |
| Variety | Ex.SS Republic |
| Grading Agency | NGC |
| Specification properties | No |
| Serial | 5086636-008 |
| Status | Active |
| Designation | Large Letters, Type of 1838 |
| Additional Info | - |
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‘’AU Capital Management, LLC is a leading supplier of rare coins, paper money and precious metals. Committed to authenticity, they strive to serve customers with high-quality goods they'll treasure..’’
‘’AU Capital Management, LLC is a leading supplier of rare coins, paper money and precious metals. Committed to authenticity, they strive to serve customers with high-quality goods they'll treasure..’’
‘’AU Capital Management, LLC is a leading supplier of rare coins, paper money and precious metals. Committed to authenticity, they strive to serve customers with high-quality goods they'll treasure..’’
‘’AU Capital Management, LLC is a leading supplier of rare coins, paper money and precious metals. Committed to authenticity, they strive to serve customers with high-quality goods they'll treasure..’’